News
BTR has plummeted 80% since yesterday afternoon, with 41% of its circulating supply flowing into Bithumb during that period.
en
On March 24, according to on-chain analyst Yu Jin, Bitlayer (BTR) has crashed and plummeted by 80% since yesterday afternoon, falling from $0.2 to $0.04. The Bithumb exchange appears to be the primary dumping ground (or price manipulation ground) for BTR spot trading: in the past day since the decline, 41% of BTR's circulating supply (140 million coins) has flooded into Bithumb.